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Stocks·NASDAQ:SPCX

SpaceX (SPCX)

OverviewFinancialsOwnersFilings
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Cash and short-term investments$89.9BDebt: $37.9B
Shares outstanding, past year+112.1%12.5B shares now
Backlog (signed, not yet booked)$63BAs of Sep 30, 2026

My take

Average analyst target $257 as of Oct 30, 2026 · Scorecard

Every video where I mention SPCX

The last 12 months

  1. Nov 6, 20268-KExecutive or board change
  2. Nov 4, 2026VideoMy video: SpaceX Stock: What Changes on December 8?
  3. Oct 28, 2026VideoMy video: TSLA vs SPCX: Which Stock Should You Own?
  4. Oct 26, 20268-KOther news
  5. Oct 22, 2026S-8Registered shares for employee stock plans
  6. Oct 22, 202610-QQuarterly report
  7. Oct 21, 2026VideoMy video: SpaceX Q3 Earnings: Elon Says $1 Trillion a Year by 2027. Here's the Math.
  8. Oct 20, 20268-KReleased quarterly results
  9. Aug 14, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  10. Aug 14, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  11. Aug 14, 20268-KCompleted buying or selling a business; Sold shares without SEC registration
  12. Aug 13, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  13. Aug 11, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  14. Aug 4, 2026S-8Registered shares for employee stock plans

All filings →

Revenue by quarter calendar quarter the period ended in
Q2 25: $4.07BQ2 25Q3 25: $5.58BQ3 25Q2 26: $7.81BQ2 26Q3 26: $14.6BQ3 26$14.6B
Show the numbers
Revenue by quarter
Q2 25$4.07B
Q3 25$5.58B
Q2 26$7.81B
Q3 26$14.6B
How it makes money: Q3 2026 revenue by business segment; the thin line is a year earlier
  • SI$7.56B 52% +830% vs. a year ago
  • Connectivity$5.25B 36% +69% vs. a year ago
  • Space$1.77B 12% +6% vs. a year ago

From the 10-Q filed Oct 22, 2026. Source.

Backlog (remaining performance obligations) contracts signed but not yet booked as revenue
Q2 26: $47.5BQ2 26Q3 26: $63BQ3 26$63B
Show the numbers
Backlog (remaining performance obligations)
Q2 26$47.5B
Q3 26$63B

Compare SPCX with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Sep 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding adjusted for the 2-for-1 split
Jun 2025: 5.9BJun 2025Sep 2025: 5.9BSep 2025Jun 2026: 5.9BJun 2026Sep 2026: 12.5BSep 202612.5B
Show the numbers
Shares outstanding
Jun 20255.9B
Sep 20255.9B
Jun 20265.9B
Sep 202612.5B

The share count is up +112.1% in a year, so each share is a slightly smaller slice of the company. What dilution means.

Insider trades

Insider buys, 12 months0none
Insider sales, 12 months6$53.7M, 5 planned in advance

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Sep 22, 2026Gwynne Shotwell
President and COO, Director		Sold on the market (planned)
5 trades that day		342K$52.5MForm 4
Apr 2, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Sold on the market11.4K$1.20MForm 4
Everything else: grants, option exercises, tax withholding (8)
DateWhoWhatSharesValueFiling
Sep 22, 2026Gwynne Shotwell
President and COO, Director		Exercised options (planned)
3 trades that day		342K$4.50MForm 4
Sep 11, 2026Antonio J. Gracias
Director		Other (planned)42.8Mn/aForm 4
Jun 15, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Converted
3 trades that day		316Mn/aForm 4
Apr 18, 2026Gwynne Shotwell
President and COO, Director		Exercised options (planned)
2 trades that day		213K$2MForm 4
Apr 2, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Gift480n/aForm 4
Apr 2, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Other187Kn/aForm 4
Mar 23, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Returned to the company25.2Mn/aForm 4
Feb 2, 2026Elon Musk
CEO, CTO & Chairman, Director, 10% owner		Grant or award
2 trades that day		511Mn/aForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

InvestorQuarterSharesValueShare of fundChange
Philippe Laffont (Coatue Management)Q2 2618.6M$3.17B6.5%New position
Cathie Wood (ARK Investment Management)Q2 264.5M$765M5%New position
Brad Gerstner (Altimeter Capital Management)Q2 261.8M$304M3.1%New position
Chase Coleman (Tiger Global Management)Q2 26375K$64.1M0.3%New position
David Tepper (Appaloosa)Q2 26225K$38.4M0.5%New position
Dan Loeb (Third Point)Q2 26180K$30.8M0.7%New position
Ray Dalio (founder) (Bridgewater Associates)Q2 2611.6K$1.98M<0.1%New position

From each fund's latest 13F, filed up to 45 days after the quarter ends, so it's old news by design. 13Fs only show US stock owned on the last day of the quarter: no short sales, and "added" or "trimmed" compares two snapshots, not actual trades. See what these funds bought and sold.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
Aug 12: 333KAug 13: 13.2KAug 14: 62.8KAug 17: 270KAug 17Aug 18: 640KAug 19: 2.1MAug 20: 42.3KAug 21: 1.5MAug 21Aug 24: 457KAug 25: 160KAug 26: 6.6KAug 27: 2.8KAug 27Aug 28: 10Aug 31: 7.1KSep 1: 21.2KSep 2: 2.9KSep 2Sep 3: 125Sep 4: 75KSep 8: 32.4KSep 9: 635Sep 9Sep 10: 5.3MSep 11: 50.2KSep 15: 534Sep 16: 1.2MSep 16Sep 17: 25.8KSep 18: 6.6KSep 21: 1.9MSep 22: 7.1KSep 22Sep 23: 21KSep 25: 15.8KSep 28: 797KSep 29: 1.1KSep 29Sep 30: 1.6KOct 1: 551KOct 5: 352KOct 6: 195KOct 6Oct 7: 108KOct 8: 158KOct 9: 53.6KOct 13: 479KOct 13479K
Show the numbers
Failed trades (fails to deliver)
Aug 12333K
Aug 1313.2K
Aug 1462.8K
Aug 17270K
Aug 18640K
Aug 192.1M
Aug 2042.3K
Aug 211.5M
Aug 24457K
Aug 25160K
Aug 266.6K
Aug 272.8K
Aug 2810
Aug 317.1K
Sep 121.2K
Sep 22.9K
Sep 3125
Sep 475K
Sep 832.4K
Sep 9635
Sep 105.3M
Sep 1150.2K
Sep 15534
Sep 161.2M
Sep 1725.8K
Sep 186.6K
Sep 211.9M
Sep 227.1K
Sep 2321K
Sep 2515.8K
Sep 28797K
Sep 291.1K
Sep 301.6K
Oct 1551K
Oct 5352K
Oct 6195K
Oct 7108K
Oct 8158K
Oct 953.6K
Oct 13479K

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

No annual report on file yet.

Government contracts

$2.94B in federal contract money over the last 12 months, across 234 awards and changes.

DateAgencyWhat forAmount
Sep 18, 2026National Aeronautics and Space AdministrationTHE COMMERCIAL CREW PROGRAM (CCP) COMMERCIAL CREW TRANSPORTATION CAPABILITY (CCTCAP) CONTRACT WILL PROVIDE COMPLETION OF THE DESIGN, DEVELOPMENT, TEST, EVALUAT…$519M
May 4, 2026Department of the Air ForceNATIONAL SECURITY SPACE LAUNCH (NSSL) PHASE 3 LANE 2 LAUNCH SERVICES PROCUREMENT$170M
Jan 13, 2026Department of the Air ForceNATIONAL SECURITY SPACE LAUNCH SERVICES PHASE 3, LANE 2$167M
Dec 8, 2025Department of the Air ForcePHASE 3 LANE 1 LAUNCH SERVICE TASK ORDER (LSTO) FOR SDA-2$160M
Apr 10, 2026Department of the Air ForceTHE PURPOSE OF THIS EFFORT IS TO EXECUTE THE PHASE 3 LANE 1 LAUNCH SERVICE TASK ORDER (LSTO) FOR SDA-1.$154M
Aug 21, 2026National Aeronautics and Space AdministrationWORK REQUIRED FOR THE DESIGN, DEVELOPMENT, MANUFACTURE, TEST, LAUNCH, DEMONSTRATION, AND ENGINEERING SUPPORT OF THE HUMAN LANDING SYSTEM (HLS) INTEGRATED LANDE…$150M
Apr 1, 2026Department of the Air ForceFA8811-25-D-B002 NSSL PHASE 3 LANE 2 LAUNCH SERVICES FOR USSF-206$142M
Nov 14, 2025Department of the Air ForceSBS005513- STARSHIELD SERVICE SUPPORT$135M
May 22, 2026Department of the Air ForcePLEO WARRIOR PLAN SUPPORT: SECURE GLOBAL SATCOM VIA POOLED STARSHIELD SERVICE. ENHANCED FEATURES, SECURITY, AND CENTRAL MANAGEMENT FOR ALL MISSIONS.$132M
Apr 6, 2026Department of the Air ForcePHASE 3 LANE 1 LAUNCH SERVICE TASK ORDER (LSTO) FOR NTO-5$104M

From USAspending.gov. Amounts are money the government committed, which can be cut later.

Search inside SpaceX's filings

Opens the SEC's own full-text search in a new tab, limited to SPCX. Every SPCX filing on EDGAR.